Life Along the Flatbush Riviera
While the building was still unoccupied, the idea of upscale renters sunning themselves while enjoying front-row views of Flatbush Avenue seemed far-fetched, but evidently the lawn at Avalon Fort Greene (an advertiser) is nice enough to make even one of Brooklyn’s busiest stretches seem worth enduring. And this photo was taken on a weekday! Wonder…
While the building was still unoccupied, the idea of upscale renters sunning themselves while enjoying front-row views of Flatbush Avenue seemed far-fetched, but evidently the lawn at Avalon Fort Greene (an advertiser) is nice enough to make even one of Brooklyn’s busiest stretches seem worth enduring. And this photo was taken on a weekday! Wonder what it’s like on a weekend!
Avalon Leases On [Brownstoner] GMAP
Avalon More Than 20% Rented [Brownstoner]
I can actually look onto this view — and wonder the same thing myself … “who is going to lounge around in that space?” There really isn’t much around it, but it does add some nice greenery and more greenery is being developed around it so (hopefully) it won’t continue to be the only oasis along the Flatbush desert.
http://www.flickr.com/photos/8611124@N07/4715444585/
What does the DeVry campus look like? Anyway, it’s nice to have flowers, grass, and trees in Downtown Brooklyn. Come visit sometime:).
The green space is nice, and it’s only half way open there is more to come.
fiya,
Rent vs own. Renting is cheaper IMO. My way of comparing the two: Look at the risk of buying and selling in a down market which would be net loss divided by months of ownership. I predict half off peak comps so buying a $500K pad and selling it for $250K five years (60 mos) later might net -$250K/60 = $4,167/mo (pure argument sake ignoring actual costs and credits). A similar sized apartment in the same hood might rent for about 2 grand/month over the same period, half the assumed net monthly loss above.
You may not have to sell in 5, 10, 15 years but many do (the risk). And, theoretically, the market can go back up during that period (good luck with that!).
It was a tangental response to 11217 @ 12:18 whom I’ve argued with on this topic in previous months/years.
***Bid half off peak comps***
Let me open this thread, see what opinion I should take for this innocuous design decision.
Just as I figured.
I wish all new buildings downtown included green space.
@ BHO – The building is almost 50% rented from what I heard from a building employee.
I’m a little confused by “half the equivalent rate to own”. What does that mean?
“And people paid twice what they’re paying here to rent an apartment.”
Yet half the equivalent rate to own (net loss over months between buy/sell). Like here.
***Bid half off peak comps***
People will think of anything to complain about in this city.
There’s a building on 37th Street and 9th Avenue in Manhattan (a few friends used to live there) which literally sits RIGHT over top the entrance to the lincoln tunnel.
They have a deck area just like this and it was always packed with people.
And people paid twice what they’re paying here to rent an apartment.